Research on day trading

In medicine or other professions you have to pass many exams and do lots of training before you can do it in the real world. Even so they still make mistakes. In trading, there isn't any restriction. You know what will happen if a guy try do a brain surgery without any medical training.
 
0008 said:
In medicine or other professions you have to pass many exams and do lots of training before you can do it in the real world. Even so they still make mistakes. In trading, there isn't any restriction. You know what will happen if a guy try do a brain surgery without any medical training.
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are you saying trading is similar to brain surgery lol
 
0008 said:
In medicine or other professions you have to pass many exams and do lots of training before you can do it in the real world. Even so they still make mistakes. In trading, there isn't any restriction. You know what will happen if a guy try do a brain surgery without any medical training.
More...

I've always stated that traders should be require to learn basic things like risk management, issues about proper leverage & margin and such after opening a trading account and then be require to pass some kind of test on these issues.

In addition, maybe us even required to pass a simulation trading exam on whatever it is they're trading while applying what they learned from risk management and such.

Sounds ridiculous and it'll most likely hurt the broker industry, charting vendors but even something as "driving school" is required to be passed prior to allowing someone to get drivers license and get on the road to drive.

Simply, there should be a restriction in the form of test (series) just like professional financial institutions review about their traders (employees) to ensure the new hires have passed so that there's a level of competency.

Currently, to trade...you just need money, identification and some other paper work to be completed. No tests and that's why there's a revolving door of us retail traders.
 
wrbtrader said:
I've always stated that traders should be require to learn basic things like risk management, issues about proper leverage & margin and such after opening a trading account and then be require to pass some kind of test on these issues.

In addition, maybe us even required to pass a simulation trading exam on whatever it is they're trading while applying what they learned from risk management and such.

Sounds ridiculous and it'll most likely hurt the broker industry, charting vendors but even something as "driving school" is required to be passed prior to allowing someone to get drivers license and get on the road to drive.

Simply, there should be a restriction in the form of test (series) just like professional financial institutions review about their traders (employees) to ensure the new hires have passed so that there's a level of competency.

Currently, to trade...you just need money, identification and some other paper work to be completed. No tests and that's why there's a revolving door of us retail traders.
More...
No other professions are strictly a zero sum game except perhaps the gambling joints. Those that made the rules are professionals and MM, why would they restrict us when by doing so they decrease the amount of dumb money in the pool and so reduce their profits? You don't need a test to be a gambler either.

Regards,
 
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